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27 Jan 2010PTCL

PTCL is the incumbent operator in Pakistan, owning 90 per cent of the copper telephone line network. It is the only bandwidth provider and the largest telecommunication service provider in the country, offering fixed line, mobile and Internet services, as well as VoIP, video-conferencing and carrier services for businesses and wholesalers. It operates mobile telephony via its subsidiary, Ufone, which is the second largest cellular operator in the country.

On 12 April 2006, the Government of Pakistan (GOP), which owned an 88 per cent stake in PTCL, sold off a 26 per cent stake to Etisalat International Pakistan LLC, a subsidiary of Etisalat, for USD 2.59 billion. It took almost a decade from GOP's initial announcement to divest its shares in the company. On 10 September 2007, Etisalat announced its plans to acquire an additional stake in PTCL increasing its existing stake to 51 per cent.

PTCL initially launched its broadband services in 2002. On 17 May 2007, a year after PTCL's privatization, it relaunched its broadband services delivered directly by the company.

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Taken from: Operator Profiles: Pakistan
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